*Top Glove (TOPG MK) – Massive earnings explosion o Massive earnings explosion in the coming quarters will throw brokers’ forecasts out the window. MKE raises our FY20-22e EPS by 37%/180%/18% as we impute ASP hikes and spot orders until 1QFY21. We highlight that our FY21e EPS is still conservative as we impute zero ASP hikes and spot orders from 2QFY21. Post-earnings revision and pegging at a lower CY21e P/E target of 23x (from 30x; +0.5sd to 5-year mean), our new TP is MYR20.00 (+83%). Top Glove is our top pick. Maintain BUY.
guys why RHB Retail Research hv to come up this kind of article on Comfort Gloves:- FDA Import Alert to Affect Near-Term Sentiment? it's like somebody wanted to collect more shares of comfort and with this article it will scare the punters and sell cheap? i dont know but anybody here can enlighten what's goin on?
@Sarawakian Yeah...not sure why there are attackers for COMFORT. There has been even a whatsapp message circulating regards to the FDA Alert and trying to create fear in individuals for ppl to panic sell. And now RHB research came out with this.......they wanna scare us so they can buy cheap
Its normal they put an article to inform investors. Even on 2018 also have an article as well about comfort gloves level 1 fda alert. You can try google
no need to write something to comfort yourself. when you are wrong,u`ll jsut keep quiet and run away...when you are right..gonna come and say u said so... go away naysayer
Go check out Uncle's blog. I like the way he questioned RHB. hahaha
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Posted by Newplayer286 > 2020-05-29 09:40 | Report Abuse
*Top Glove (TOPG MK) – Massive earnings explosion
o Massive earnings explosion in the coming quarters will throw brokers’ forecasts out the window. MKE raises our FY20-22e EPS by 37%/180%/18% as we impute ASP hikes and spot orders until 1QFY21. We highlight that our FY21e EPS is still conservative as we impute zero ASP hikes and spot orders from 2QFY21. Post-earnings revision and pegging at a lower CY21e P/E target of 23x (from 30x; +0.5sd to 5-year mean), our new TP is MYR20.00 (+83%). Top Glove is our top pick. Maintain BUY.